BTC/LTC Possible breakout
In this chart you can see LTC/BTC support and resistance levels. LTC's biggest challenge is to break the 0.01 resistance, if it does that it will be a very strong bullish sign. It is very unlikely that LTC will reach Support 1 or 2, it will probably move to the 0.010 resistance, followed by a short drop of 2%-5%, followed by a sharp jump to 0.0107, It will stay there for a few hours and drop to 0.0105. After all that if it manages to eventually break the 0.0126 resistance it will start a long term bull run. Investing in LTC with a stop loss at 0.0069, or 0.00529 is a risky trade with possibly immense profits.
Instructions:
Stop loss
20% at 0.00680
80% at 0.00520
Take profit:
40% at 0.00985
25% at 0.01065
35% at 0.01255 or 0.01143
When crypto markets become bearish, smaller coins get extremely undervalued. The market is at a turning point, if you can't accept 40% losses then you won't get 1000% gains.
Instructions:
Stop loss
20% at 0.00680
80% at 0.00520
Take profit:
40% at 0.00985
25% at 0.01065
35% at 0.01255 or 0.01143
When crypto markets become bearish, smaller coins get extremely undervalued. The market is at a turning point, if you can't accept 40% losses then you won't get 1000% gains.
Trade active
This trade is still active, it will be correct eventually. I am 90% sure that LTC will be worth more than 0.01 BTC by 1.1.2019
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.